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An update from Dreadnought Resources Limited ( (AU:DRE) ) is now available.
Dreadnought Resources Limited has successfully settled the first tranche of its recent placement, issuing 514,285,713 fully paid ordinary shares at $0.035 per share, raising $18 million before costs. This strategic move, which includes significant investment from company directors, aims to strengthen the company’s financial position and support its ongoing exploration and development activities, potentially enhancing its market standing and value for shareholders.
The most recent analyst rating on (AU:DRE) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.
More about Dreadnought Resources Limited
Dreadnought Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the acquisition and exploration of mineral properties, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 13,574,474
Technical Sentiment Signal: Hold
Current Market Cap: A$198.1M
For an in-depth examination of DRE stock, go to TipRanks’ Overview page.